There is a bill introduced in Congress that will introduce a new wealth tax. I know a lot of the wealthy investors they already feel the pain already being one of the countries that charge a property tax as well as a capital gains tax. On top of that there will be a wealth tax. What's not known is exactly how it will affect you. And that’s because it is not known exactly how they're going to quantify wealth. It they qualify just on your personal wealth then you can purchase property under LLC and you'll be safe. But, if it talks about your entire Holdings, then it’s going to change the way you buy properties.
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